Monday, March 14, 2016

Cairnhill Nine gets strong interest from buyers, says CapitaLand

The Saturday launch of Cairnhill Nine has received strong response from buyers, says CapitaLand.

Out of the 200 units launched, 134 units or almost 70% were sold, says the developer.

“The price range for the majority of units sold is between $2,200 psf and $2,800 psf,” says a spokesperson from CapitaLand Singapore.

To date, about 50% of buyers are Singaporeans, while the remaining 50% are from Indonesia, Malaysia and China.

The 268-unit, a 99-year leasehold residential development is located in the heart of Orchard Road district.

The units sold range from 591 sf to 3,864 sf, including one-bedroom, one-bedroom+guest, two-bedroom, two-bedroom+guest and four-bedroom units as well as penthouses. One-bedroom+guest units have been the most well-received to date with 80% out of 90 units sold, according to CapitaLand.

As part of an integrated development which also comprises Ascott Orchard Singapore, it is located a few minutes’ walk from Orchard as well as Somerset MRT stations, shopping malls and medical facilities.

Cairnhill Nine will also be marketed via roadshows in Jakarta, Surabaya, Solo, Shanghai and Hong Kong.

CapitaLand last closed at $3.12.

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